Synopsys Earnings, Revenue Beat in Q2
2022.05.18 23:16
Synopsys Earnings, Revenue Beat in Q2
Investing.com – Synopsys (NASDAQ:SNPS) reported on Wednesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Synopsys announced earnings per share of $2.5 on revenue of $1.28B. Analysts polled by Investing.com anticipated EPS of $2.37 on revenue of $1.26B.
Synopsys shares are down 23% from the beginning of the year, still down 27.82% from its 52 week high of $377.60 set on December 28, 2021. They are outperforming the Nasdaq which is down 27.02% from the start of the year.
Synopsys shares gained 1.63% in after-hours trade following the report.
Synopsys follows other major Information Technology sector earnings this month
Synopsys’s report follows an earnings beat by Apple on April 28, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
